The Investors Are Coming! The investors Are Coming!

By
Real Estate Agent with Premier Agent Network

Attention all San Luis Obispo real estate home buyers!  The investors are coming!  The powers to be in Washington are pushing an idea to market foreclosures to investors in bulk.  What does that mean to us?  Well, the first thing that comes to my mind is what kind of a "sweet heart" deal will be made to these investors?  Are we going to see these assets sold for pennies on the dollar, and then fixed up to be rented out.  What is this going to do to the price of those moderate homes out there?  It is going to take inventory off the market, and yes bid up prices. 

Do we really think that the first time home buyers will be able to compete with those big buck investors that will dangle big rolls of cash in the faces of those asset managers and REO agents?  No of course not! 

As my blog readers know, I have been strongly pushing the point that the market is changing from a buyers market to a sells.  With very little inventory being built, and demand form buyers increasing, we are eventually going to see a housing shortage beginning in the lower priced housing.  Then, it will be like the "domino effect". Once the lower tier of properties start to sell and prices rise, we will see more "move up buyers" sell their homes, and bid up the moderate price homes.  This will go up the property market, and eventually even hit the higher priced market.  But there still is time to get into the market.  Buyers need to get those "pre-approvals" from their loan officers, and get to know the San Luis Obispo real estate market.  Log on to my web site and start looking now.  A well informed buyer can still find bargains. Here is a link to my web site http://www.myslohomefinder.com

There is a well written article by Ronald Orol about the investors buying foreclosed homes.  Click the below link to read.

http://www.marketwatch.com/story/investors-eagerly-eye-us-foreclosure-rental-plan-2012-01-24?reflink=MW_news_stmp

Thanks for reading and best of luck!

Mike

 

San Luis Obispo real estate  bargain

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Rainmaker
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Susan Neal
RE/MAX Gold, Fair Oaks - Fair Oaks, CA
Fair Oaks CA & Sacramento Area Real Estate Broker

Hi Mike - I haven't heard that, but I'll read the article.  Here in the Sacramento area, the market is really changing and has been for months.  Less inventory and more sales, shorter time on the market, multiple offers, with prices just starting to inch up.

Jan 25, 2012 11:56 AM #1
Rainer
170,300
Rose Mary Justice
Elite Realty Group - Dandridge, TN
Elite Realty Group

We have already experienced this bulk buying process take place in our town.  Nothing was done to the property, just put back on the market at a higher price. And actually sold.

Lovely home pic!

Jan 25, 2012 12:00 PM #2
Rainmaker
684,694
Pamela Seley, REALTORĀ®
REALTY EXECUTIVES OTF - Temecula, CA
Menifee Lakes California Real Estate 951.491.4063

Mike, I've heard of the bulk buying that's on its way. Yep, and pennies on the dollar. Now what is the purpose of this I wonder, just to raise home prices? How does this serve first-time homebuyers? 

Jan 25, 2012 12:05 PM #3
Rainer
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Deven teaches Investing for Realtors. Up to 42X your commission with less work
Real Estate Faster - Los Angeles, CA

Thanks for sharing, interesting and informative article.

Jan 25, 2012 12:15 PM #4
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Rainmaker
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Mike Hendrickson

Fine Homes, Short sales, excellent client services
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